The Financing Guide - Title & Insurance Tips
Today, I want to share some insider tips that can make your journey even smoother – let's talk Title & Property Insurance.
3/11/20241 min read
Monthly Bliss with Insurance:
Did you know some coverage plans allow you to pay monthly instead of dropping the whole annual premium at closing? It's like having a flexible payment plan tailored for savvy investors like yourself. No big upfront costs – just smooth sailing.
Title's Sneak Peek:
Ever wish you could see a preview of your closing costs before the grand finale? Enter Title. They can whip up a preliminary closing HUD (Hud-What?) – a nifty snapshot of estimated closing costs. Think real estate city and county fees, taxes – the whole shebang. While we can provide lending costs on the financing side, Title gives you the front-row view of all costs associated with closing.
Why it Matters:
Sure, we're all about big dreams and closing deals, but staying in the know about Title and Insuring can be your secret weapon. It's not just about the what, but the how – how to manage costs, how to plan for payments, and how to navigate the intricate details that ultimately safeguard your asset during renovations or while holding long term as a rental by protecting your monthly rental stream.
*Bridge loan rates and terms are based on a combination of factors: LTV, FICO, and Experience and are subject to change.
†Residential and Commercial loan rates and terms are based on a combination of factors: LTV, FICO, and Experience and are subject to change. Non-Owner-Occupied investment properties only. See our Owner Occupied page for current States that we are licensed in.
Cash-out LTV based solely off of appraised value and in some instances cost basis.
Loans available Nationwide. Prepayment penalties as allowable by state.
Licensed by the Florida Office of Financial Regulation, Mortgage Loan Originator License LO86209, NMLS #1868116, California - CA-DFPI1868116, Colorado - 100535559, Georgia - 1868116, Texas, Virginia - MLO-63661VA.